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Quarterly Report for Housing Division <br />November 19, 2019 <br />Page 9 <br />• Update: Ten (10) existing HOME Program loans and thirty-three (33) existing Housing <br />Successor Agency loans were consolidated into two (2) Amended and <br />Restated Loan Agreements in order to enable the project to re -syndicate and <br />resubordinate existing affordable housing loans to a new senior loan. <br />Renovations have been started and are anticipated to be completed in May <br />2020. <br />STRATEGIC PLAN ALIGNMENT <br />The activities covered by this report allow the City to meet Goal # 5 - Community Health, <br />Livability, Engagement & Sustainability, Objective # 3 (Facilitate diverse housing opportunities <br />and support efforts to preserve and improve the livability of Santa Ana neighborhoods). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Steven A. Mendoza <br />Executive Director <br />Community Development Agency <br />Exhibits: 1. Available Funds for Affordable Housing Development Projects <br />2. Available Land Assets for Affordable Housing Development <br />3. Project Timelines <br />